Gateway Investment Advisers LLC grew its holdings in Ameren Corp (NYSE:AEE) by 13.8% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 481,170 shares of the utilities provider’s stock after acquiring an additional 58,364 shares during the period. Gateway Investment Advisers LLC owned 0.20% of Ameren worth $28,384,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Moisand Fitzgerald Tamayo LLC bought a new stake in shares of Ameren during the 3rd quarter worth $116,000. Cable Hill Partners LLC raised its stake in shares of Ameren by 400.2% in the 3rd quarter. Cable Hill Partners LLC now owns 2,031 shares of the utilities provider’s stock valued at $117,000 after buying an additional 1,625 shares in the last quarter. Acropolis Investment Management LLC raised its stake in shares of Ameren by 101.9% in the 4th quarter. Acropolis Investment Management LLC now owns 3,392 shares of the utilities provider’s stock valued at $200,000 after buying an additional 1,712 shares in the last quarter. Seizert Capital Partners LLC acquired a new position in shares of Ameren in the 3rd quarter valued at $201,000. Finally, Zeke Capital Advisors LLC acquired a new position in shares of Ameren in the 3rd quarter valued at $201,000. 70.76% of the stock is owned by institutional investors and hedge funds.
Ameren Corp (AEE) traded up $2.83 during midday trading on Friday, hitting $55.42. 4,554,020 shares of the stock were exchanged, compared to its average volume of 1,840,762. The firm has a market capitalization of $13,340.00, a P/E ratio of 21.81, a PEG ratio of 2.49 and a beta of 0.28. Ameren Corp has a 12 month low of $51.81 and a 12 month high of $64.89. The company has a quick ratio of 0.40, a current ratio of 0.61 and a debt-to-equity ratio of 0.92.
The company also recently announced a quarterly dividend, which will be paid on Thursday, March 29th. Investors of record on Wednesday, March 14th will be issued a dividend of $0.4575 per share. This represents a $1.83 dividend on an annualized basis and a yield of 3.30%. Ameren’s payout ratio is 72.62%.
In related news, SVP Gregory L. Nelson sold 12,000 shares of the business’s stock in a transaction on Wednesday, November 22nd. The shares were sold at an average price of $62.68, for a total transaction of $752,160.00. Following the transaction, the senior vice president now directly owns 36,785 shares in the company, valued at $2,305,683.80. The sale was disclosed in a filing with the SEC, which is available through this link. 0.38% of the stock is currently owned by insiders.
AEE has been the subject of a number of recent analyst reports. KeyCorp reiterated a “hold” rating on shares of Ameren in a research report on Friday, October 20th. Bank of America assumed coverage on shares of Ameren in a research report on Tuesday, October 24th. They issued a “neutral” rating and a $62.00 price objective for the company. Zacks Investment Research upgraded shares of Ameren from a “sell” rating to a “hold” rating in a research report on Tuesday, November 7th. ValuEngine raised shares of Ameren from a “hold” rating to a “buy” rating in a research note on Wednesday, November 15th. Finally, Morgan Stanley downgraded shares of Ameren from an “equal weight” rating to an “underweight” rating and set a $61.00 target price on the stock. in a report on Wednesday, December 13th. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and one has assigned a strong buy rating to the company. Ameren has a consensus rating of “Hold” and an average price target of $57.80.
Ameren Corporation is a utility holding company. The Company’s subsidiaries include Ameren Missouri, Ameren Illinois and Ameren Transmission Company (ATXI). It operates through four segments. The Ameren Missouri segment includes all of the operations of Ameren Missouri. The Ameren Illinois Electric Distribution segment consists of the electric distribution business of Ameren Illinois.
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